This tool is a good way to get quick position sizing. No need to use your calculator and find that your price asset is already out of your range. It works best with Cryptocurrencies Exchange way to manage position size calculation. Really useful when scalping. This tool tracks the last high and low following your custom lookback bars number. It also follows the VWAP level. You also have 4 custom ranges around the current price with the calculated position size. You set the desired percentage distance from the current price and you get the position size you need.
1. You choose the type of order 2. Account balance 3. Leverage if you use the cost base orders type 4. Amount to risk